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HR 2187 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC)

Fair Investment Opportunities for Professional Experts Act

Introduced: April 30, 2015 Introduced by: Schweikert, David Republican · Arizona See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 2016
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 1, 2016
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 347 - 8 (Roll no. 46). (text: CR H378)
Feb 1, 2016
Motion to reconsider laid on the table Agreed to without objection.
Feb 1, 2016
Considered as unfinished business. (consideration: CR H401)
Feb 1, 2016
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Feb 1, 2016
DEBATE - The House proceeded with forty minutes of debate on H.R. 2187.
Feb 1, 2016
Considered under suspension of the rules. (consideration: CR H378-379)
Feb 1, 2016
Mr. Garrett moved to suspend the rules and pass the bill, as amended.
Feb 1, 2016
Placed on the Union Calendar, Calendar No. 309.
Feb 1, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-406.
Dec 9, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 2.
Dec 9, 2015
Committee Consideration and Mark-up Session Held.
Dec 8, 2015
Committee Consideration and Mark-up Session Held.
Jun 16, 2015
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Apr 30, 2015
Referred to the House Committee on Financial Services.
Apr 30, 2015
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Feb 1, 2016 House · vote #46 On Motion to Suspend the Rules and Pass, as Amended Passed 347–8 See who voted →
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 Plain-English summary Congressional Research Service

Fair Investment Opportunities for Professional Experts Act

(Sec. 2) This bill amends the Securities Act of 1933 to add to the definition of accredited investor any natural person whose individual net worth, or joint net worth with his or her spouse, exceeds $1 million (adjusted every five years for inflation).

The person's net worth shall exclude:

  • the person's primary residence; and
  • as a liability any indebtedness secured by the primary residence, up to the estimated fair market value of the residence at the time of the sale of securities.

Indebtedness secured by the person's primary residence in excess of the residence's estimated fair market value at the time of the sale of securities, however, shall be included in net worth as a liability.

An accredited investor shall also include any natural person:

  • whose individual income exceeded $200,000 in each of the two most recent years, or whose joint income with spouse exceeded $300,000 in each of those years, and has a reasonable expectation of reaching the same income level in the current year;
  • currently licensed or registered as a broker or investment adviser by the Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA) (or an equivalent self-regulatory organization), or a state division responsible for licensing or registration of individuals in connection with securities activities; or
  • whose demonstrable education or job experience qualifies as professional knowledge of a subject related to a particular investment, and whose education or job experience is verified by the FINRA or an equivalent self-regulatory organization.
What's happening now February 2, 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 2
  • HR 6427 Related bill Creating Financial Prosperity for Businesses and Investors Act
  • HR 5983 Related bill Financial CHOICE Act of 2016
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 2187: Fair Investment Opportunities for Professional Experts Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2187/
MLA
"H.R. 2187: Fair Investment Opportunities for Professional Experts Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2187/.
Bluebook (legal)
H.R. 2187, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2187/.
Markdown link
[H.R. 2187: Fair Investment Opportunities for Professional Experts Act](https://openamerica.io/bill/114-HR-2187/)
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